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Biden: ‘We Want To Create A Global Minimum Tax’

March 30, 2012 at 5:09 pm
 
biden global minimum tax

“For years, American manufacturers have faced one of the highest tax rates in the world. We want to reduce that by over 20%. We want to drop the rate, particularly, for high-tech manufacturers like you, Mr. President, even further than the 20%,” Vice President Joe Biden said at a manufacturing plant in Davenport, Iowa this week.

“We want to create (what’s called) a global minimum tax, because American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home,” Biden said at a campaign event.

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